US Diesel Prices Remain Elevated at $6.28 Despite Trump Administration Emergency Supply Measures

U.S. diesel prices remain near record highs at $6.28 per gallon, up 70%, as emergency supply measures fail to alleviate upward pressure from geopolitical conflicts involving Iran and Ukraine. Earlier, escalating conflict cut access to the Strait of Hormuz, pushing U.S. crude to $91.57, Brent near $104, and gasoline to $4.37 per gallon. In response, the Trump administration coordinated a 100-million-barrel G7 emergency reserve release and authorized highway use of tax-exempt red-dyed diesel. However, commercial adoption of dyed diesel has been limited due to tax and regulatory hurdles.